Owens Donovan 4/A

What Happened

• Donovan Owens, President, North America Pork at Smithfield Foods (SFD), was granted 78,637 restricted stock units (RSUs) on March 10, 2026 (reported as an award). Concurrently, 10,315 shares were withheld by the company to satisfy tax withholding related to RSU vesting; those withheld shares were valued at $23.76 each, totaling approximately $245,084. The RSU award is reported at $0.00 per share because it is a compensation grant, not a market purchase.

Key Details

• Transaction dates: March 10, 2026 (award and withholding). Filing amended June 9, 2026.
• Award: 78,637 RSUs (code A) granted at $0.00.
• Tax withholding: 10,315 shares withheld (code F) at $23.76/share, proceeds ≈ $245,084. No shares were sold on the open market to satisfy withholding.
• Vesting schedule (footnote): RSUs vest in three equal annual installments — on the grant date (Mar 10, 2026), Mar 10, 2027, and Mar 10, 2028 — subject to continued service.
• Amendment reason: This Form 4/A corrects an earlier Form 4 (filed Mar 12, 2026) that omitted the issuer’s withholding of shares for taxes and corrects the reported beneficial ownership figure to reflect prior withholding.
• Timeliness: This is an amended filing submitted on June 9, 2026; the amendment corrects prior omissions.

Context

• These transactions are compensation-related (RSU grant and company withholding for taxes), which are routine and do not indicate an open-market sale or purchase by the insider. The withholding (code F) is an internal disposition to meet tax obligations and not a market sale. The amendment simply corrects reporting to reflect the withholding and adjusted beneficial ownership.